The Cheapest Crab Award is a trophy that appears in the episode "Kracked Krabs." It is given to the cheapest crab underwater every year.
It is a golden trophy. It has a claw of a crabs on it, which looks similar to the one on the Magic Claw. It has a penny at the top, because it is the award for the Penny Pinchers' contest.
Role in episode
The League of Cheapskate Crabs gives it to Mr. Krabs, because he is the cheapest crab of the year.
After Mr. Krabs takes the trophy, it is shown to be attached to a string, and they pull it back as a gag.
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